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Media News

Thursday Jan 25, 2007

Breaking: Bonnier Wins Time Inc. Bid

ann_moore_time_inc_sale_bonnier.jpgUnofficial word came late yesterday, and Time Inc. has announced that Stockholm-based Bonnier is the winner in the prolonged sweepstakes for 18 magazines on the block since last fall. The price is said to be around $200 million, less than the $300 million Time Inc. had initially sought. Said Time Inc. CEO Ann Moore: "I am very pleased to have found the right buyer for The Parenting Group and Time4 Media, one that will be able to nurture their specialized titles."

  • Bonnier Wins Time Inc. Bid, Joins New York Publishing World [FishbowlNY]




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